mragarwal

mragarwal

I dont practise EW much now. But somehow this Zig Zag pattern came to my mind on its own. Looks like a perfect context for this pattern to play out. So short on Nifty with Stop Loss at 9145 Nifty Spot.

mragarwal

Please see explanation in chart. Long only at close above 1040 with volumes.

mragarwal

VEDL spot on Daily chart. On weekly, u will see upmove was corrective to prior downmove. U see multiple MACD/Fisher divergences on weekly/daily/hourly. Plus a potential ED marked in green and targeting 204 in next 11 days targeting the purple line. What further confirmed top was selling excess at 276.

mragarwal

USDINR 2 hour SPOT (and not Future) chart. If you look at longer term charts, the downmove in USDINR was corrective. It now looks like an ED type of pattern (Purple lines) with multiple divergences on MACD/Fisher. A test of 66.56 to 66.58 would complete the pattern.

mragarwal

I guess chart is self explanatory